#BTC goes as anticipated, price made a flip above the $65,000 level and still moving. Currently, it facing a ton of resistance but still we're on bullish sentiments and market structure is also bullish, so expected a break very soon. Neither less, weekly is approaching the new Daily Resistance, so prepare for consolidation too.

#TOTAL MARKETCAP UPDATE :

#TOTAL Marketcap performed well with out marking and strongly rejected the Support area. The wick was due to sudden dump in #BTC as it was testing the #ATH. Nice its completed and index broke above the strong level too. Now a new range is discovered and push is expected towards the $.263T - $2.65T Resistance Mark, so #BTC will Fly very soon 🚀🚀

The degree of speculation within the current market can also be seen by the extraordinarily high dominance of exchanges related in/outflows with respect to all on-chain volume. Currently, 78.3% of all economical on-chain volume is being directed to/from exchanges, which is coming off a new #ATH.

What Is a Negative Volume Index (NVI)?

The Negative Volume Index (NVI) tracks the price movements and highlights the time frames in which the trading volume decreased from a specific point in time. One of the oldest indicators in the financial world, NVI was invented by Paul Dysart in the 1930s.

The premise behind the Negative Volume Index (NVI) is that a rising trend is one that continues even when trading volume declines. The idea is that uninformative traders are to blame for the excessive trading volume. Also, during the days with low trading volume, the informed traders (also called smart money) are at play.

Why Is Negative Volume Index (NVI) Used?

NVI is a great indicator to identify the mindset of smart money. Smart Money refers to the investment coming from big investors and is often associated with big price movements in the financial markets of any asset/stock/cryptocurrency.

Professional traders prefer to trade when the smart money isn't active which keeps the volatility level and the volume of the asset is low. This situation makes for a great opportunity to accumulate.

What Is a Positive Volume Index (PVI)?

The Positive Volume Index (PVI) can be used in tandem with the Negative Volume Index (NVI). While NVI measures the decrease in volume from specific points, PVI does the exact opposite. Generally, the increase of PVI is seen as a bearish signal and greater values of NVI are seen as a bullish one.

A 255-period moving average is used to determine trend reversals. It indicates a bull market when the NVI is above the 255-period moving average. Bearish sentiment is shown by the NVI falling below the 255-period moving average. In such a case, it sends out a sell signal; however, when it goes above the 255-period moving average, it suggests a buy signal.

#BITCOIN New #ATH 🚀🚀🚀

Here's the Analysis of #ALGO :

#ALGO is been rejected/ sell-off from the major resistance zone of $0.28 - $0.29 and Approaching towards the structural Support area of $0.24 - $0.25. Potential buys can come from the support with loose stops else wait for the LTF structural shift.

#BITCOIN DAILY TF UPDATE :

#BITCOIN made a flash dump hitting it previous own All-Time High, and that retest dump lead to a retest now. As mentioned retest is very important for a healthy market, which leads in New #ATH now. Price still facing some strong sell pressure in the market but hoping for the bullish continuation this weekend and by next week too.

#UFT made a sharp push and made clean achievable target of $0.5. Price nearly moved towards the 2nd target and made a high of $0.57, which is 29.8% in profits. Secure some profits here and wait for further take profits zones.

#DXY Analysis :

#DXY moving within zone to zone and level to level as drawn. Index Rejected from the Resistance which made the overall push in the market. Now Index, sitting at the structural support zone of where it could react off. Breaking below will leading in flow of money in different markets. Major support is at 101.2% - 101.6%.

The new spot #Bitcoin #ETF products have also created a new source of demand for BTC, with an incredible +90K #BTC in net flows migrating into the ETFs. These inflows account for a staggering $5.7B, and bring the total AUM of the #ETFs to nearly $38B.

These #ETF products have for the first time allowed institutional investors to gain exposure to the BTC asset via traditional rails, opening a new degree of freedom for demand and speculation.

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

Here's the Analysis of #HBAR :

#HBAR is strongly rejected from the Major Support zone of $0.096 - $0.10 and broke the strcutural Resistance Zone and approaching the Major Resistance Zone of $0.152 - $0.158. Currently, price is expected to reach the support zone of $0.11 - $0.12 which can be our potential buy setups. Take the risk accordingly with proper stops and target towards resistance.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN continue to push with the market and make it way it to the resistance zone area and All Time High too. Price sustaining above the resistance area, which shows buyers confidence and hopefully next week come with a next push. A retracement might come along with this, which also good for a healthy market. So keep accumulating good alts and make it.

#BNB Analysis :

#BNB strongly shooting with the market momentum and Nearly reached the major resistance zone of $504 - $514. Price expected to reach the level and pullback too. Once price retraced, buy can come from the support or newly formed support area.

Options markets have also experienced significant growth, with open interest hitting $17.5B. This is on a comparative footing to the $21B in futures markets, which is a relatively new development since 2023.

The growth in options markets suggests that Bitcoin derivative markets are becoming increasingly mature, with investors, traders, and miners now having deeper and more liquid options to hedge and manage risk.

What Is Network-Enhanced Virtual Machine (NEVM)?

Developed by Syscoin (SYS) in conjunction with Blockchain Foundry, the NEVM (Network-Enhanced Virtual Machine) is an evolutionary computation protocol that fuses the programmability of Ethereum and EVM, or the Ethereum Virtual Machine, compatible smart contracts with the security offered by the Bitcoin network.

The NEVM effectively brings smart contract functionality onto the Bitcoin network. This is accomplished by offering smart contracts with interoperability and scalability that can support global adoption while maintaining low gas costs and facilitating decentralized settlements secured by bitcoin’s Proof-of-Work (PoW) security model.

This computational protocol combines the best of the Bitcoin network, their merge-mining hash rates, security model, UTXO efficiency, and compatibility, along with Ethereum’s broad range of smart contracts, all into a unified decentralized financial computation platform. With NEVM, users and developers can reap the dual benefits of each. First of all, the NEVM protocol eliminates the Bitcoin network’s long-standing “selfish mining” vulnerability. At the same time, it also introduces zero-knowledge proofs to ensure high levels of trustless interoperability and scalability, all on Turing-complete smart contracts.

The Advantages of NEVM

As a computational protocol, the NEVM enables smart contracts to scale up to 210,000 transactions per second (TPS) while ensuring that the accompanying gas costs remain as minimal as possible. With more upgrades due in the coming months, NEVM is projected to achieve four million TPS, the fastest throughput offered by any existing layer-1 or layer-2 solution.

With Syscoin’s product suite, NEVM solves a diverse range of problems that blockchain projects face in existing smart contract platforms. The protocol introduces many new features, including regulatory compliance for digital assets, hyper-secure transactions that can scale to support millions of users concurrently, and fully compliant toolkits for Web3, DeFi, Metaverse, and NFT projects - all without compromising core features like decentralization and security.

Other benefits include:

—> The ability to scale to an arbitrary number of transactions while eliminating the need for re-executing proofs of one-time executions

—> High levels of fault tolerance alongside interactive data

—> Trustless interoperability across individual chains

Here's the Analysis of #FET :

#FET is been moved extremely multiple x from the bottom and still trending. Price broke the structural support area and going into the retracement phrase and might move lower a bit. Right now, price is middle of nowhere and its better to wait for the price to reach the proper zone for buys.